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Registered number: 02172550
Carrera Limited
Financial Statements
For The Year Ended 31 March 2025
THB LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02172550
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 495,581 496,487
Investments 5 100 100
495,681 496,587
CURRENT ASSETS
Debtors 6 427,330 481,616
Cash at bank and in hand 132,835 55,613
560,165 537,229
Creditors: Amounts Falling Due Within One Year 7 (98,044 ) (106,067 )
NET CURRENT ASSETS (LIABILITIES) 462,121 431,162
TOTAL ASSETS LESS CURRENT LIABILITIES 957,802 927,749
NET ASSETS 957,802 927,749
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 10 271,096 271,096
Profit and Loss Account 686,606 656,553
SHAREHOLDERS' FUNDS 957,802 927,749
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Lorraine Cull
Director
07/11/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Carrera Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02172550 . The registered office is Studley Grange, Guildford Road, Chobham, Surrey, GU24 8ED.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold not provided
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 492,820 4,750 42,471 540,041
As at 31 March 2025 492,820 4,750 42,471 540,041
Depreciation
As at 1 April 2024 - 1,188 42,366 43,554
Provided during the period - 890 16 906
As at 31 March 2025 - 2,078 42,382 44,460
Net Book Value
As at 31 March 2025 492,820 2,672 89 495,581
As at 1 April 2024 492,820 3,562 105 496,487
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5. Investments
Unlisted
£
Cost
As at 1 April 2024 100
As at 31 March 2025 100
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 100
As at 1 April 2024 100
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 38,325 92,624
Other debtors 464 451
38,789 93,075
Due after more than one year
Other debtors 388,541 388,541
427,330 481,616
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,839 1,701
Other creditors 88,320 104,097
Taxation and social security 5,885 269
98,044 106,067
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 24,500 24,500
Page 4
Page 5
10. Reserves
Revaluation Reserve
£
As at 1 April 2024 271,096
As at 31 March 2025 271,096
11. Related Party Transactions
At the end of the year the company owed an amount of £85,916(2024 : £101,358) to its director.
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